Common use of Down Payment Clause in Contracts

Down Payment. The borrower has contributed at least 5% of the Purchase Price with his/her own funds.

Appears in 17 contracts

Samples: Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6), Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-4), Flow Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-3)

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Down Payment. The borrower has contributed at least 5% of the Purchase Price with his/her own funds.;

Appears in 5 contracts

Samples: Servicing Agreement (Sequoia Mortgage Trust 2013-1), Servicing Agreement (Sequoia Mortgage Trust 2012-3), Servicing Agreement (Sequoia Mortgage Trust 2012-2)

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Down Payment. The Except as otherwise indicated on the Mortgage Loan Schedule, the borrower has contributed at least 5% of the Purchase Price with his/her own funds.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)

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